Personal Financial Statement Templates & Forms

A personal financial statement shows your financial position at any one time. Created in a financial statement spreadsheet or format can help you plan your finances accordingly if you utilize the information well. Typically, the statement includes details your name, address, assets alongside their net worth, liabilities together with their worth as well as the sum of your assets and liabilities.

To understand personal financial statements in-depth as a beginner, it’s a good idea to examine as many as personal financial statement examples and templates as you can. With that said, here are some examples and templates of personal financial statements in MS Excel and PDF formats to help you get the idea of personal financial statements.

Bank Personal Financial Statement

bangor.com
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  • PDF

Blank Personal Financial Statement

hrdc.org
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  • PDF

Business loan Personal Financial Statement

Personal financial statement in Excel is a method of creating a personal financial statement, using Microsoft’s Excel program.
treasury.tn.gov
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  • MS Excel

Certification of Personal Financial Statement

nbcbanking.com
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  • PDF

Commercial Loan Personal Financial Statement

Commercial term lending personal financial statement can be defined as a document showing the details of a financial lending contract between you and a lending institution with you as the borrower and the bank as the lender. It entails the terms and conditions under which the lending contract is subject to.
dcu.org
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  • PDF

Generic Personal Financial Statement

ndpdd.com
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  • PDF

Personal Financial Statement Template

talmerbank.com
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  • PDF

Personal Financial Statement Form

Personal financial statement form can be defined as a form outlining an individual’s financial position at a given point in time.
ethics.state.tx.us
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  • PDF

Simple Personal Financial Statement

chase.com
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  • PDF

Small business Financing Personal Financial Statement

A small business financing statement is a document filed by a lender as a public notice of its security interest in a property of the borrower, which is pledged as collateral. It shows the financing arrangement between the lender for the borrower.
summitcreditunion.com
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  • PDF

Importance of Personal Financial Statement

Having a personal financial statement can go a long way in your financial planning goals. Apart from that, it can enhance your decision-making efforts, making sure you don’t make financial decisions that you will later regret. Furthermore, a personal financial statement can be one of the key documents required in order for you to get credit from creditors. Last but not least, this statement can help you catch costly financial mistakes and prevent potential future ones, thus repairing your financial mess.

How to Analyze a Personal Financial Statements

Your accountant may prepare financial statements as ordered by you. Knowing how to analyze those statements can go a long way in making the appropriate decision with the information you’ve received. Having said that, here is how to analyze your personal financial statements:

Look at the two key sections on your personal financial statements i.e. the net cash flow section and the balance sheet section. You can gain a wealth of information regarding your financial state just by analyzing the cash flow section. Study the section to notice if your net cash flow in a particular duration is positive or negative. If the cash flow is positive, that would be a good sign, that you are in a healthy financial state. In that case, you should use the money to acquire more assets or pay off liabilities. However, if the cash flow is negative, that should be a warning signal of the fact that you are in a risky financial position. Keeping that in mind, you should evaluate your spending and adjust it accordingly to make your cash flow positive.

Uses of Personal Financial Statements

Personal financial statements can be used in; 

  • Applying for a personal loan. 
  • Applying for business financing or loan.
  • Creating and analyzing a budget.
  • Trying to gain financial knowledge and education.

Personal Financial Statement (FAQs)

When Do You Need a Personal Financial Statement?

There are many circumstances under which a personal financial statement may be essential. For example, you will be asked to provide a statement when applying for a personal loan or business loan. Apart from that, you will find the form quite useful in creating and analyzing a budget as well as trying to learn more about personal finances.

What is a personal financial statement template?

A personal financial statement template is a document in MS Word, Excel, PDF, or any other text document format that shows the formation of a personal financial statement.

How do you write a personal financial statement?

to write a proper personal financial statement, you must first master the template for a personal financial statement. Once you do, gather all the necessary documents to create a financial statement, including your income statement and/or balance sheet. After that, using the template and the data you’ve pulled from the documents above, write your personal financial statement.

How do I create a personal financial statement in Excel?

Creating a basic personal financial statement in Excel is as easy as following three easy steps described below. First, prepare a list of all your assets and liabilities along with their values. Second, launch Microsoft Excel and create separate tabs for the assets and the liabilities alongside their values in your currency. Third, fill out the blanks with the correct data and save your personal financial statement.